Tecnoglass Days Payables Outstanding from 2010 to 2024

TGLS Stock  USD 78.80  5.76  6.81%   
Tecnoglass Days Payables Outstanding yearly trend continues to be comparatively stable with very little volatility. Days Payables Outstanding will likely drop to 62.32 in 2024. From the period from 2010 to 2024, Tecnoglass Days Payables Outstanding quarterly data regression had r-value of  0.48 and coefficient of variation of  54.89. View All Fundamentals
 
Days Payables Outstanding  
First Reported
2010-12-31
Previous Quarter
66.38854161
Current Value
62.32
Quarterly Volatility
36.50350742
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Tecnoglass financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Tecnoglass' main balance sheet or income statement drivers, such as Depreciation And Amortization of 18 M, Interest Expense of 15.2 M or Selling General Administrative of 33.3 M, as well as many indicators such as Price To Sales Ratio of 2.74, Dividend Yield of 0.0101 or PTB Ratio of 2.65. Tecnoglass financial statements analysis is a perfect complement when working with Tecnoglass Valuation or Volatility modules.
  
Check out the analysis of Tecnoglass Correlation against competitors.
For more information on how to buy Tecnoglass Stock please use our How to Invest in Tecnoglass guide.

Latest Tecnoglass' Days Payables Outstanding Growth Pattern

Below is the plot of the Days Payables Outstanding of Tecnoglass over the last few years. It is Tecnoglass' Days Payables Outstanding historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Tecnoglass' overall financial position and show how it may be relating to other accounts over time.
Days Payables Outstanding10 Years Trend
Slightly volatile
   Days Payables Outstanding   
       Timeline  

Tecnoglass Days Payables Outstanding Regression Statistics

Arithmetic Mean66.50
Geometric Mean24.99
Coefficient Of Variation54.89
Mean Deviation27.21
Median76.53
Standard Deviation36.50
Sample Variance1,333
Range107
R-Value0.48
Mean Square Error1,099
R-Squared0.23
Significance0.07
Slope3.95
Total Sum of Squares18,655

Tecnoglass Days Payables Outstanding History

2024 62.32
2023 66.39
2022 89.68
2021 84.47
2020 65.55
2019 76.53
2018 95.35

About Tecnoglass Financial Statements

Tecnoglass shareholders use historical fundamental indicators, such as Days Payables Outstanding, to determine how well the company is positioned to perform in the future. Although Tecnoglass investors may analyze each financial statement separately, they are all interrelated. The changes in Tecnoglass' assets and liabilities, for example, are also reflected in the revenues and expenses on on Tecnoglass' income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Last ReportedProjected for Next Year
Days Payables Outstanding 66.39  62.32 

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Additional Tools for Tecnoglass Stock Analysis

When running Tecnoglass' price analysis, check to measure Tecnoglass' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Tecnoglass is operating at the current time. Most of Tecnoglass' value examination focuses on studying past and present price action to predict the probability of Tecnoglass' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tecnoglass' price. Additionally, you may evaluate how the addition of Tecnoglass to your portfolios can decrease your overall portfolio volatility.